BONK DAO Loses $20 Million in Governance Attack, Token Falls 10%

BONK DAO has confirmed that attackers drained an estimated $20 million worth of BONK tokens from its treasury through a malicious governance proposal. The stolen funds have reportedly started moving to exchanges, prompting the project to coordinate with exchanges, the Solana Foundation, and law enforcement in an effort to recover the assets. The BONK meme The post BONK DAO Loses $20 Million in Governance Attack, Token Falls 10% appeared first on BeInCrypto.